2715 Five Mile Road
Allegany, NY, 14706 $ 1,500,000
Bedrooms-- Baths-- Sq 20,876 Monthly Estimate*
$ 9,471
for $1,500,000. This 20,876 square foot building was built in 1900 on a lot size of 6.13.
Rarely does a property with this level of versatility become available! Situated on approximately 6 picturesque acres, this extraordinary multi-use estate offers an exceptional combination of luxury living, established business space, rental income potential, and room for future vision. Ideal for an entrepreneur, investor, live/work buyer, or someone seeking multiple income streams, this property brings residential, commercial, and investment opportunities together in one impressive setting. Beyond the residence, the property includes a separate five-station beauty salon, two detached income-producing rental buildings, a large five-bay automotive repair shop, a magnificent two-story timber-frame barn with exceptional craftsmanship, and an additional storage barn. Whether continuing the current uses, operating your own businesses, expanding an investment portfolio, or exploring future concepts such as event, hospitality, retreat, agritourism, or other business uses, the possibilities are extensive. The centerpiece is a stunning 4,020 sq. ft. home showcasing beautiful natural woodwork and modern finishes throughout. The heart of the home features an incredible 1,000+ sq. ft. open-concept kitchen, formal dining area, two living rooms, and a four-season sunroom, all warmed by three cozy fireplaces. Step outside to a welcoming covered porch, perfect for relaxing or entertaining. Upstairs you’ll find four spacious bedrooms, each with generous 4' x 6' closets. The spectacular 550 sq. ft. primary suite boasts 12' cathedral ceilings, a luxurious two-person 4' x 8' walk-in shower, an oversized walk-in closet with dressing room and built-in bureau, plus the convenience of second-floor laundry. A third-floor loft makes an ideal office, studio, or flex space, while the full basement with radiant heated floors and partially finished space offers even more opportunity. Luxury, craftsmanship, business potential, income opportunity, and endless possibilities—all in one unforgettable property. Buyer to verify zoning, permitted uses, occupancy, and intended use. See also MLS #R1697031, #R1697048, #R1697184.
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FeaturesGeneralSewer SepticTank
Heating Gas Baseboard MultipleHeatingUnits Radiant
Possession CloseOfEscrow
Roof Asphalt Metal
Zoning res w/comm
Construction Materials Other
School District Allegany-Limestone
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Automotive Residential Service SpecialUse
Total Rooms 4
Status Active
City Allegany
High School District Allegany-Limestone
Zoning Description Residential Multi Use
Number Of Units Total 0
MLS Area Allegany-042089
Lot Size Units Acres
Lot Size Square Feet 385506.0
Year Built Details Existing
Tax Annual Amount 10535.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://tourwizard.net/cp/500f1790/
Standard Status Active
Middle/Junior School District Allegany-Limestone
Elementary School District Allegany-Limestone
Tax Assessed Value 305000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 28
Property Sub Type Additional Business MixedUse Commercial Other
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ExteriorParking Features Common Driveway Surfaced
Lot Features Rectangular RectangularLot
Total Parking 30.0
Inclusions Equipment Land and Building
Lot Size Area 6.13
Number of Buildings 8
Building Area Total 20876.0
Lot Dimensions 580X412
Lot Size Acres 6.13
Waterfront Y/N No
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InteriorTotal Fireplaces 0
Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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* Excluded FeaturesList ByExp-Premier Listings TeamBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,471
- Monthly Property Taxes
- $878
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Allegany, NY
Average List Price $682,860
Percent of Sale Price 54%
About Allegany, NY 5,975 Population
-9% Since 2002
$ 47,367 Median Income
42.9 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
3323961 Elementary School
3323524 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/8/2026 | $1,500,000 | | Listed Price |